Exclusive-IPO for humanoid robot maker Boston Dynamics unlikely in 2027, executive says

Boston Dynamics, a robotics unit of Hyundai Motor Group, is unlikely to go public in 2027, according to a senior executive at the parent company. The company has not yet deployed its flagship Atlas robots at scale and remains unprofitable. Despite investor enthusiasm, the executive emphasized that an IPO is years away, citing the need to assess market conditions.

Hyundai Motor Group has not disclosed a timetable or valuation target for a potential Boston Dynamics listing. Since unveiling an updated Atlas robot in January, investors have closely monitored the company's potential IPO to finance growth. Analysts estimate the company's value between 50 trillion won and 100 trillion won, with some predicting an IPO in 2029 or 2030 as Hyundai aims to produce 30,000 robots annually by 2028.